Nature of the ACCA AA Exam
ACCA Audit and Assurance (AA) is primarily concerned with the purpose, process and outcomes of auditing. There is some follow-on from the Accountant in Business (AB) and a little law, but all matters are covered again in AA.
Structure of the ACCA AA Exam
The exam has two sections:
Section A has 3 scenarios (case questions) , each with 5 questions of 2 marks each.
Section B has 3 long-form question, one of 30 marks and two of 20 marks each.
Emphasis of the ACCA AA exam
The syllabus and study guide take you through the purpose of audits, ethical considerations, how audits are performed and the reports that are issued after the audit has been completed. Both sections of the exam are largely scenario based so it is essential to apply knowledge to given situations.
How to pass ACCA AA exam
Make sure you know auditing theory and, very importantly, understand how it is applied to the scenarios in the worked questions. You do not have to memorise the numbers of International Standards on Auditing.
When you are confident of a topic then practise as many past exam questions as you can.
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